The evolution of the payment services market is gathering momentum fast, driven on the one hand by continuous technological innovations, on the other by the important legislative changes that are redrafting the rules of the market.
In a bid to increase competition at European level, the first Payments Service Directive (PSD) was passed back in 2007, extending its applicability even to non-banking entities, while, at the same time, harmonizing industry rules in order to guarantee transparency and greater consumer protection. It had actually envisaged the introduction of a regulatory framework for SEPA (Single Euro Payments Area) for payments within the European area.
In these last ten years since the PSD came into force, the evolution of digital technologies and the emergence of new Fintech operators in the financial sector has raised the matter of an urgent need for revising and redefining the scope of the original PSD in light of the new scenarios, which had remained outside the scope of the first directive.
The objective of Directive (EU) 2015/2366, known as PSD2, is precisely to broaden the scope of the PSD by:
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Statistics and publications
Credem Euromobiliare Private Banking makes the quarterly statistics required by the European Payment Systems Directive (PSD2) available below.